XRP Futures Begin Trading on CME’s Derivatives Platform
XRP futures commenced trading on the Chicago Mercantile Exchange (CME) as the first regulated futures for XRP in the U.S.
- Traders can choose between two contract sizes: 2,500 XRP and 50,000 XRP.
- Contracts are cash-settled and based on the SME CF XRP-Dollar Reference Rate, tracking XRP prices daily at 4:00 p.m. London time.
- CME also offers futures for bitcoin BTC, ethereum ETH, and solana SOL.
- SOL futures had a notional daily volume of $12.3 million on their debut day, with $7.8 million in open interest.
- The price of XRP decreased by 3.45% over the past 24 hours.
- The launch of regulated futures may influence the approval of a spot XRP exchange-traded fund (ETF), currently under SEC review.
- Former SEC Chair Gary Gensler indicated that existing regulated futures markets contributed to the approval of spot bitcoin and ethereum ETFs.
"CME-traded XRP futures are now live," stated ETF Store President Nate Geraci. He suggested that spot XRP ETFs are likely to follow soon.